Donchian Channels Under Review for This Stock: Northern Oil and Gas, Inc. (:NOG): 20 Day Upper Donchian is 3.55

Investors might be searching far and wide for the next set of winning stocks to add to the portfolio. Many value investors may be on the lookout for stocks that are underpriced at current levels. Some investors may be looking for names that have the potential to see major growth in the next few years. Picking growth companies can be a bit riskier, but they may have much bigger potential for substantial returns. Other investors may be interested in finding companies that provide stable returns and pay out a solid dividend. Investors may even choose to piece together the portfolio with stocks from different categories. Having a diverse selection of stocks is typically recommended for longer-term portfolio health. 

Donchian Channels may be useful for technical traders. The primary function of the indicator is to measure volatility. The bands will widen when volatility is high, and they will become narrow with low volatility. The 20 day upper band level is 3.55 on shares of Northern Oil and Gas, Inc. (:NOG). For the same period, the lower band level is 3.1139.

Trading on volume of 811536, Northern Oil and Gas, Inc. (:NOG) has seen a change from the open of -0.01 since the stock opened at 3.34. Monitoring today’s activity, the stock has hit a high point of 3.365 and slipped to a low of 3.32. The current consensus stock rating is Buy. Everyone will be focused on the next company earnings release which is scheduled to be reported next around 8/9/2018.

The 20 day Keltner Channels upper envelope is 3.472543. The 20 day Keltner Channels lower envelope is 3.261499. The Keltner Channels indicator was introduced by Chester Keltner in his book How to Make Money in Commodities. Keltner’s ideas have since been expanded upon and are widely used by technical traders.

Watching volatility readings, we can see the current value for the stock is 3.313253. Volatility for the week stands at 4.114273, and the monthly reading is 6.10182. Volatility involves the amount of risk in relation to the amount of change in a stock’s value. Tracking the Bull Bear Power, we note that the stock is presently -0.075644016.

Following the Chaikin Money Flow indicator, we note that the current 20 day value is -0.015587878. Traders will watch to see if the indicator can help confirm an ongoing trend. In the midst of a bullish trend, the CMF value staying above zero may point to continuous buying pressure and the possibility of a sustained rise in price. In the midst of a bearish trend, the CMF value staying below zero may show continuous selling pressure and the possibility of continued price decline.

Scanning the equity market, we note that the stock’s current Oscillator Rating is showing “Buy”. Traders will take note of many different factors when examining a stock’s health. Flipping over to the Moving Average Rating, we see that the current sentiment is pointing to a “Neutral”.

Checking in on the Awesome Oscillator, we see that the reading is 0.015789706 for Northern Oil and Gas, Inc. (:NOG). Traders may follow this oscillator to measure market momentum. Created by Bill Williams, the Awesome Oscillator calculates the difference of the 5 period and 34 period SMA.

Shares of Northern Oil and Gas, Inc. (:NOG) ended last session at 3.33. Following today’s trade, we note that the stock has moved -0.2994012% since the opening bell. The company has a current market cap of 899433000. The stock’s high price over the last month is presently 3.73.